US chip ban is ‘great news’ for China

US chip ban is ‘great news’ for China

A partner of a Chinese technology investment fund has welcomed the US government’s ban on the export of some advanced chips to China, noting that it is “great news” that will boost the national ecosystem.

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according to mentioned From CNBC, Chloe WangPartner and Vice President of the Fund Yang Qing Guangzhou-based CNBC announced its support for banning the export of H100 and 800 chipsets to China during CNBC’s East Tech West conference in Guangzhou. The restriction prevents the sale of some advanced AI chips, including the chipmaker’s A800 and H800 chips. Nvidia (Nasdaq:NVDA).

The US Department of Commerce imposed the ban due to concerns that the chips could be used for military development purposes. Previously, the Nvidia H100 chip, used by AI companies in the US, was banned under previous US government restrictions.

Wang’s fund invests in semiconductor companies, including those in the artificial intelligence training and autonomous vehicle sectors. He pointed to the upcoming IPO of the AI ​​chip company he invested in and the Shanghai-based AI chip company valued at more than $3 billion.

Wang stressed that “emerging chip makers” will play a crucial role in China and develop their own ecosystem, which could reduce reliance on Nvidia’s AI software. He also expressed confidence in Chinese entrepreneurs and the market and consumer base.

There are about 1,500 integrated circuit (IC) design companies in China, and a “shortage” of AI chip manufacturers. China aims to increase its computing power by 50% by 2025, a major step in developing artificial intelligence, which requires advanced semiconductors.

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US Commerce Secretary Gina Raimondo said the ban is intended to prevent China’s access to advanced semiconductors for potential military uses, not to undermine China’s economic growth.

In recent months, the Chinese technology giant Huawei He received new attention. Despite US sanctions, its latest smartphone, the Mate 60 Pro, features a chip that supports 5G networks made by the Chinese company SMIC, which has raised concerns in Washington.

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